While you've been obsessed with reading about VWgate, Fiat Chryslergate, F1Melbournegate (suddenly changing the race date) and lobby group T&E's test showing that new cars, including the Mercedes A, C and E-Class, BMW 5 Series and Peugeot 308, are guzzling 50 per cent more fuel than their lab test results, there's been really important stuff going on in the world.

Last month it was the Barrett-Jackson Las Vegas auction in the 3300 room Mandalay Bay Resort. Top price at the auction was $440,000 for a 1968 Chev Corvette L88.

The second lesson comes from the 1966 lightweight Ford Fairlane with an R code 427 side oiler that sold for a record $390,000. This was No 53 of 57 built with a 10 out of 10 restoration.